Union Commerce and Industry Minister Piyush Goyal are on a six-day visit to San Francisco and Los Angeles from Monday. During his visit to the US, Goyal laid great emphasis on India\'s stable economic conditions during the Corona epidemic. He said that India has emerged as a reliable partner of the world during the pandemic.
Speaking at an event of the Institute of Chartered Accountants of India (ICAI), he said that the kind of structural reforms India has taken today. It provides an island of stability. India has a stronghold amid global disturbances. Growth remains highest in large economies. Inflation is relatively low compared to other parts of the world, especially in developed countries.
Select 'Made in India' items to gift to someone
Along with this, he said that the world is still recovering from the corona epidemic. India has emerged as a stable economy. With the changing economic reforms in India, Goyal urged the Chartered Accountants to present tremendous investment opportunities to their clients and become the Ambassador of Brand India. He also urged the CA to become the ambassador of \'Brand India\'. He said that spread the message of One District One Product. He said that you will appeal to all to Select \'Made in India\' goods to give a gift to anyone.
India is one of the most attractive investment destinations in the world
Along with this, he said that with a stable environment, India has become perhaps one of the most attractive investment destinations in the world. A reliable partner is in the works and it is evident that the way world leaders and developed countries are doing everything possible to expand their engagement with India. It is very special for bilateral agreements to expand trade with investments in India.
India has focused heavily on inflation after 2014
He said that the inflation rate in India is around 6-7 percent. The Consumer Price Index (CPI) is up about 6.7 percent from the previous account. This is less than 10 years ago. Since 2014, India has focused heavily on inflation. The Reserve Bank of India (RBI) and the central government have entered into a formal agreement mandating the RBI to keep inflation as the primary focus of its activities. Inflation in India has averaged around 4.5 percent since 2014, which is probably the lowest since independence.
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